Eliminating Excel in Purchasing Forecasting Software Freight Metrics 
Supply Chain Shaman
FEBRUARY 18, 2021
The systems–based on shipment and order data–were out of step with the market. With fixed models and hard-wired data feeds, teams could not adjust the planning systems to use consumption data or market indicators. Initially, the output was published to procurement to design strategic buying strategies. The reason?
The Logistics & Supply Chain Management Society
APRIL 26, 2022
The Freightos Baltic Index Global Container Freight Index shows the cost of shipping freight remains hugely elevated – more than double the price a year earlier. In fact, global freight rates have increased tenfold since the start of the pandemic. Brand loyalty is no longer the driver for consumer purchasing decisions.
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Talking Logistics
JUNE 30, 2015
Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.
ThroughPut
FEBRUARY 23, 2024
12 Key Supply Chain AI Use Cases Supply chain AI Use Case 1: Demand Forecasting Market instability is the Achilles heel of demand forecasting right now. And the effect of inaccurate demand forecasting is felt across the supply chain. Just about everyone in the supply chain gets negatively impacted by wrong forecasts.
BlueYonder
JANUARY 31, 2023
The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers. Salim: It’s important to note that it takes more than just enabling technology to be successful. The last success factor is data.
ShipBob
NOVEMBER 6, 2023
Using an inventory management software can help you keep track of inventory during physical inventory counts. By doing physical inventory counts you can improve demand forecasting, minimize stockouts, maintain inventory shrinkage, and more. Learn more about inventory reconciliation here.
Unleashed
DECEMBER 2, 2020
A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Calculating the reorder point in Excel. Calculating the reorder point in Excel – a caveat. Reorder Point = (4 bags used x 3 days lead time) + 38 bags. Keep great suppliers.
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